Wright Investors Service Inc buys $2,909,814 stake in Aetna Inc (AET)

Aetna Inc (AET) : Wright Investors Service Inc scooped up 3,630 additional shares in Aetna Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 24,900 shares of Aetna Inc which is valued at $2,909,814.Aetna Inc makes up approximately 1.16% of Wright Investors Service Inc’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in AET by selling 23,453 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 734,304 shares of AET which is valued at $85,810,765. Aetna Inc makes up approx 0.18% of California State Teachers Retirement System’s portfolio.Profit Investment Management reduced its stake in AET by selling 12,361 shares or 38.13% in the most recent quarter. The Hedge Fund company now holds 20,061 shares of AET which is valued at $2,416,548. Aetna Inc makes up approx 1.85% of Profit Investment Management’s portfolio.Ls Investment Advisors reduced its stake in AET by selling 105 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 9,270 shares of AET which is valued at $1,116,664. Aetna Inc makes up approx 0.07% of Ls Investment Advisors’s portfolio.Alpha Windward reduced its stake in AET by selling 6 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 304 shares of AET which is valued at $35,568. Aetna Inc makes up approx 0.03% of Alpha Windward’s portfolio.

Aetna Inc closed down -0.25 points or -0.21% at $116.61 with 24,83,349 shares getting traded on Thursday. Post opening the session at $116.67, the shares hit an intraday low of $115.83 and an intraday high of $117.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Aetna Inc reported $2.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $2.12. The company had revenue of $15952.30 million for the quarter, compared to analysts expectations of $15762.79 million. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 EPS.

Many Wall Street Analysts have commented on Aetna Inc. Aetna Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.

Aetna Inc. is a diversified health care benefits company. The Company offers a range of traditional voluntary and consumer-directed health insurance products and related services. The Company’s operations are conducted in three business segments: Health Care Group Insurance and Large Case Pensions. The Company’s Health Care segment includes medical pharmacy benefit management services dental behavioral health and vision plans. The Company’s Group Insurance segment’s products consist primarily of Life Insurance Products Disability Insurance Products and Long-Term Care Insurance Products. The Company’s Large Case Pensions segment manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans. The Company’s customers include employer groups individuals college students part-time and hourly workers health plans health care providers Governmental units Government-sponsored plans labor groups and expatriates.

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